2008-10-16

Why not bail out Americans directly?

The Treasury has created what like
approximately $1.3 trillion new money in a couple months? That's over
$4,000 for each person living in the USA.

That bailout money, if paid DIRECTLY to
the citizens, would have been on the order of $10,000 cash for each
American family. Would that not have helped them?? Why go through
these banks when the money can be paid directly to the people?

But that would have been crazy I
suppose. We as a nation have decided that “bailout” money
must be paid to the banksters, where it can be skimmed, lost and
stolen before it finally trickles down to the rest of society... if
there is any money left. Additionally, all this money will be handed
over to the same people who just robbed us all, with hardly any
supervision or transparency.

Banksters make poor custodians of
public wealth.

- Perpetual Bull

EDIT: More recently, in early 2009,
American law enforcement agencies have started warning that
bailout/TARP funds are vulnerable to fraud and theft because of the
large amounts being thrown around with poor disclosure and
transparency.